Strawberry Price in Spain Hits 1,990 per Ton, Surging 30% Year-to-year

Spain Strawberry Export Price in August 2022

In August 2022, the strawberry price amounted to $1,990 per ton (FOB, Spain), surging 30% y-o-y. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in July 2022 an increase of 13% month-to-month. The export price peaked at $4,507 per ton in January 2022; however, from February 2022 to August 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In August 2022, the country with the highest price was the Czech Republic ($10.0 per kg), while the average price for exports to the Netherlands ($1,386 per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Spain Strawberry Exports

In August 2022, shipments abroad of strawberries decreased by -18.7% to 903 tons, falling for the fourth month in a row after four months of growth. In general, exports faced a sharp curtailment. The growth pace was the most rapid in February 2022 with an increase of 239% against the previous month. The exports peaked at 89K tons in April 2022; however, from May 2022 to August 2022, the exports stood at a somewhat lower figure.

In value terms, strawberry exports shrank significantly to $1.8M (IndexBox estimates) in August 2022. Over the period under review, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in February 2022 with an increase of 174% against the previous month. The exports peaked at 225K tons in March 2022; however, from April 2022 to August 2022, the exports stood at a somewhat lower figure.

Spain Strawberry Exports by Country

France (549 tons) was the main destination for strawberry exports from Spain, accounting for a 61% share of total exports. Moreover, strawberry exports to France exceeded the volume sent to the second major destination, Portugal (120 tons), fivefold. The third position in this ranking was held by Germany (118 tons), with a 13% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume to France amounted to -12.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Portugal (-25.8% per month) and Germany (-35.6% per month).

In value terms, the largest markets for strawberry exported from Spain were France ($854K), Portugal ($470K) and Germany ($238K), together comprising 87% of total exports.

France, with a CAGR of -23.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform